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Prime Mining ( (TSE:PRYM) ) just unveiled an update.
Prime Mining Corp. has received a ‘FOR’ recommendation from Glass Lewis, an independent proxy advisory firm, regarding its plan of arrangement with Torex Gold Resources Inc. This endorsement highlights the transaction’s compelling balance of immediate value and long-term growth potential, suggesting it is in the best interests of Prime’s shareholders. The company’s board unanimously recommends that securityholders vote in favor of the arrangement, with a special meeting scheduled for September 29, 2025, to approve the proposal.
The most recent analyst rating on (TSE:PRYM) stock is a Sell with a C$3.75 price target. To see the full list of analyst forecasts on Prime Mining stock, see the TSE:PRYM Stock Forecast page.
Spark’s Take on TSE:PRYM Stock
According to Spark, TipRanks’ AI Analyst, TSE:PRYM is a Neutral.
Prime Mining’s overall stock score reflects substantial financial challenges, with consistent losses and no revenue. However, positive corporate events, such as resource expansion and strategic drilling plans, provide potential growth opportunities. The technical analysis suggests neutral momentum, while the valuation highlights risks due to negative earnings and lack of dividends.
To see Spark’s full report on TSE:PRYM stock, click here.
More about Prime Mining
Prime Mining Corp. is a company managed by a team of successful mining executives, capital markets personnel, and experienced local operators. The company focuses on unlocking the full potential of its mining projects and maintains a well-planned capital structure with strong management and insider ownership.
Average Trading Volume: 490,385
Technical Sentiment Signal: Buy
Current Market Cap: C$529.6M
Learn more about PRYM stock on TipRanks’ Stock Analysis page.